Trump happy with Paramount-Warner Bros. merger, says 'terrific people' at Skydance, new CNN owner
Paramount Skydance officially closed its belabored bid to buy Warner Bros. Discovery on Tuesday, turning the two huge conglomerates into a colossal corporate entity, called simply Skydance, in control of two historic Hollywood movies studios, two streaming services, cable and network news, and channels ranging from MTV to Food Network and TLC to Comedy Central and HBO.Helmed by CEO David Ellison, son of Oracle CEO, billionaire and fervent President Donald Trump supporter Larry Ellison, A huge focus is on the entertainment side of the merger , but it's worth noting that this puts Ellison in control of two major news outlets: CBS News and CNN.
Since taking over Paramount, Ellison installed Bari Weiss, a controversial and conservative-leaning journalist, as CBS News' editor-in-chief. Weiss' tenure has already been rife with controversy and problems: "60 Minutes" firings drew national criticism and resulted in a massive drop in ratings.
CNN has its own identity in the cable news space and its fair share of leadership controversy in the past few years (its leader under the Warner-Discovery merger was infamously trashed in the press). The White House under Trump recently removed CNN, Politico and MS Now from the press room, a move which has been excoriated by defenders of freedom of the press and led to lawsuits. CNN's Kaitlin Collins has been specifically berated by Trump. Ellison's father Larry Ellison gave $45 million to a nonprofit backing Trump's 2024 presidential campaign. The billionaire is an official financial backer of the Paramount-Warner merger.
What the merger means for you: https://www.usatoday.com/story/entertainment/tv-streaming/2026/10/06/warner-bros-paramount-skydance-merger-explained-hbo-max-cnn-cbs/92055971007/ Receive SMS online on sms24.me
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